Core Molding reports Q1 EPS 43c vs 66c last year

Reports Q1 revenue $78.1M vs $99.5M last year. David Duvall, the Company’s President and Chief Executive Officer, said, “Our business is in a significantly better position today than we were just two years ago. Through our “Must Win Battles,” we have significantly improved our operational efficiency and finalized the implementation of our market-based pricing. Our diversification across multiple industries has reduced our exposure to specific industry cycles and we provide customers with sole sourced products that are foundational to their long-term growth plans. During this current demand slow down we are focused on continuous improvements to reduce overall cost and invest for growth. Our opportunity pipeline is over $200 million and remains strong as the products and processes we provide are the desired solution for many applications. Core provides key components and solutions to blue chip customers in major industries whose products will be in demand for many years.”